Tuesday, January 31, 2012

STI down 0.37%, or 10.66 points at 2,877.63 at midday

Singapore shares were lower by midday on Tuesday, underperforming other Asian bourses as investors sold blue-chip stocks such as Fraser and Neave (FRNM.SI) after the cut-off dates for dividend payments.

At 1:00 p.m., the Straits Times Index (STI) <.FTSTI> was down 0.37%, or 10.66 points at 2,877.63. Around 1.4 billion shares worth $1.1 billion were traded, compared with 878 million shares worth $568.9 million that changed hands by the same time on Monday.

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